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About Us

We Are National Development

National Development is a vertically integrated real estate investment, development, construction and asset management firm. We work closely with our partners and stakeholders to create vibrant and interesting places. Through over 300 projects and three decades of experience, we have become part of the communities in which we work. Our local knowledge and relationships combined with our understanding of the global capital markets result in exceptional projects and attractive investments.

Our Mission

We turn projects into communities. We work collaboratively as long-term partners, creating value for our investors and enhancing the neighborhoods in which we build.

DEI Statement

Equal. United. Empowered. We Are Better Together.

National Development values all perspectives and strives toward inclusivity because we believe that equal opportunity and shared success strengthens both our firm and our community. We are actively pursuing a number of improvements within our company that move us toward meaningful, long-term, sustained change. We are committed to fostering diversity, equity, and inclusion through the many ways that we create, build, and impact the communities in which we live and work.

Strength & Capability

Our greatest strength is our people; 300 team members bring expertise in every aspect of the value creation process, across all property categories including office, research, industrial, retail, senior housing, multifamily and hotel.

National Development’s activities are primarily funded by our closed-end discretionary funds. We launched our first fund in 2006 and have subsequently raised over $1.1 billion via four fully discretionary funds comprised primarily of endowments, foundations, institutions and family offices. We are currently investing our $400,000,000 Fund IV, which we expect will be deployed into $1.5 – 2 billion of new acquisitions and developments.

Experience

Over National Development’s nearly 40-year history in Boston, we have developed over 30 million SF in over 45 communities, investing over $6 billion. Our knowledge of the Greater Boston market and its many cities and towns is unparalleled. National Development is consistently ranked by the Boston Business Journal as one of the largest real estate development and investment firms in New England.

Innovation & Performance

National Development has distinguished itself as one of Boston’s most creative and innovative real estate firms, with a long track record of creating great places in which people want to work and live. Our vertically integrated structure, with the discretionary capital and in-house acquisition, development, construction and property management expertise, has earned our firm a reputation for reliably executing thoughtfully conceived projects on time and on budget.

Our Values

Collaboration

It’s true. We are better together. Through collaboration, we turn visions into realities and projects into communities. Through teamwork, trust and open communication, we inspire each other with a strong sense of purpose to create great places.

Community

We’re committed to working together with the cities and towns in which we work, creating environments that have a deep impact on people’s lives. We also believe in giving back. Every year, we support over 100 charitable and community organizations including United Way of Massachusetts Bay, Heading Home, Building Impact, Foundation for MetroWest, Habitat for Humanity and many others.

Creativity

From innovative deal structures to creative placemaking, we pride ourselves on our ability to think outside the box and maximize the potential of each project. We draw inspiration from history, sound planning and design principles, and community input to deliver projects that empower change, growth and transformation.

What We Do

As a vertically integrated company with in-house capital combined with acquisition, financing, permitting, development, construction and management expertise, we are able to bring a high level of speed, reliability and efficiency to the process of creating great places. 

Investment

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Our firm’s activities are primarily funded by our discretionary, closed-end funds. We launched our first fund in 2006 and have subsequently raised over $1.1 billion via four fully-discretionary funds comprised primarily of endowments, foundations, institutions and family offices. We recently closed our $400,000,000 Fund IV. In addition to ground-up development, our firm is focused on acquiring properties where value can be added through re-leasing, re-positioning and/or redevelopment.

 

Development

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Our development team excels at taking a project from the initial acquisition through construction and stabilization. Our deep understanding of market forces, planning issues, the permitting process, design and financing are the key ingredients to our success. We are primarily focused on the development or redevelopment of mixed-use properties that combine several project types to create vibrant, attractive places.

 

Construction

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Cranshaw Construction is our construction manager/general contractor affiliate. The firm builds office, industrial, residential, life science, retail, hotel and other project types on behalf of both National Development and third party clients. Cranshaw’s capabilities include pre-construction services, site analysis, feasibility and conceptual estimating, plan review and value engineering. The firm is consistently ranked by the Boston Business Journal as one of the top ten largest construction management firms in Greater Boston.

Property Management

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Our property management group is one of the largest in the region and manages nearly 6 million SF of commercial, industrial and retail space, and 3,000 apartment units for both National Development and third party clients. We are committed to maximizing the value of each client’s asset through proactive marketing, tenant retention and community engagement programs, comprehensive maintenance, and detailed financial reporting.  For more information about the residential communities we manage, visit www.ndcommunities.com.

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Awards

2022

2021

2020

2019

2018

2017

2016

  • Building Impact Gold Impact Award

2015

2014

  • Building Impact Silver Impact Award

2013

2011

  • NAIOP Distinguished Real Estate Award

  • The American Consulting Engineers Council of Massachusetts, Excellence Award

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Media

  • Ink Block is Finished, and the South End has Never Been the Same

    May 2, 2022

    The last building in the seven-building complex that transformed the “New York Streets” — and ushered in a wave of mixed-use mega-developments — is complete. 7Ink is the last building of the mixed-use Ink Block development. They are calling it inclusive living — furnished apartments that can be rented by...

  • $2K Rent in a Boston High-Rise? A New Housing Option in the South End

    April 21, 2022

    7INK is a new concept in the South End that allows you to rent spaces by the room, instead of a full apartment, in a high-rise building that you share with the community Just as Boston rents reach record levels a new building has opened in the South End, with an alternative...

  • Innovative Housing Offers Affordable Alternative For Boston Residents

    April 15, 2022

    Access to affordable housing in Boston is like finding parking at Fenway on Opening Day. A new building opening Friday in the city’s South End is offering rental options not seen here before. “We have been working on this building now for over five years,” said Ted Tye, the managing...

  • BMC to Take Office Space at Renovated Newmarket Building

    March 25, 2022

    Boston Medical Center has agreed to lease a building in Boston’s Newmarket neighborhood that was recently renovated by National Development, with plans to use most of the space for administrative offices. The agreement brings another office tenant into a part of the city dominated by industrial and food production businesses....

  • Developers Add Apartments to Lab Project at Allston WBZ Site

    March 8, 2022

    National Development and The Mount Vernon Co. have agreed to add a residential component to a life sciences and office campus at the long-time WBZ-TV studio site in Allston, at the request of local public officials. Last year, the two locally based developers proposed a three-building, 700,000-square-foot project at 1170-1190...

  • Eli Lilly to Establish $700 Million Genetic Medicine Institute in Fort Point

    February 22, 2022

    Pharmaceutical giant Eli Lilly & Co. will establish a $700 million Lilly Institute for Genetic Medicine at 15 Necco St., an under-construction 12-story lab and office building fronting the Fort Point Channel. It’s a major expansion into Boston for Indianapolis-based Lilly, which is one of the world’s largest pharmaceutical companies...


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